The latest Manchester City transfer rumours include reports the blues have conceded defeat in their pursuit of Ajax midfielder Frenkie De Jong, with Paris Saint-Germain 'favourites' to sign the Dutch international

When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. OurPrivacy Noticeexplains more about how we use your data, and your rights. You can unsubscribe at any time.

Manchester City have 'given up' in their attempts to sign Ajax midfielder Frenkie De Jong, after Paris Saint-Germain offered more than double what City were willing to spend on the Dutchman's wages, according to reports.

The Metro say City are willing to pay £50m for the 21-year-old, with £100,000-a-week wages, and the player is said to be open to playing under Pep Guardiola.

But with Barcelona and PSG also strongly in the running, the report claims the French champions have matched City's bid but are willing to double the salary to £200,000-a-week.

City missed out on target Jorginho who moved to Chelsea in the summer, and were unwilling to pay the reported £400,000-a-week for Alexis Sanchez in January 2018 as the Arsenal forward signed for Manchester United.